Commonwealth Component Units and Other Entities for FY2016
 

SECTION 8 of chapter 240 of the acts of 2010. Subsection (c) of section 12 of chapter 7A of the General Laws, as appearing in section 4 of chapter 26 of the acts of 2009, is hereby amended by adding the following paragraph:- 

 

The comptroller shall publish a list of state authorities and, in the comptroller’s sole discretion, identify those entities within the list that shall be required under generally accepted accounting principles to report to the commonwealth for financial reporting purposes in a schedule and manner the comptroller deems necessary.
   
The following list meets the requirements of Government Accounting Standards Board (GASB) definition of Reporting Entity under Statement No. 14, as amended by Statements No. 39 and No. 61.
   
 OrganizationComponent Units are entities (authorities) which are legally separate but financially accountable to the Commonwealth.
   
Included in the Commonwealth's financial statementsDISCRETELY PRESENTED COMPONENT UNITS

MAJOR COMPONENT UNITS
Major Component Units - the relationship of these entities to the Commonwealth is such that the exclusion of financial data of these entities from the Commonwealth's financial statements would cause the Commonwealth's financial statements to be misleading or incomplete.  
Total # 3Massachusetts Department of Transportation 
 Commonwealth Health Insurance Connector Authority 
 Massachusetts Clean Water Trust 
Total #5NonMAJOR COMPONENT UNITS 
 Massachusetts Convention Center Authority 
 Massachusetts Development Finance Agency (MassDevelopment) 
 Massachusetts Technology Park Corporation 
 Massachusetts Clean Energy Center 
 Massachusetts Housing Partnership Fund 
Total #5ECONOMIC DEVELOPMENT ENTITIES 
 Massachusetts Growth Capital Corporation 
 Commonwealth Corporation 
 Massachusetts Community Economic Development Assist Corp 
 Massachusetts Life Sciences Center 
 Commonwealth Zoological Corporation 
Total #25HIGHER EDUCATION FOUNDATIONS 
 Berkshire Community College Foundation 
 Bristol Community College Foundation 
 Bunker Hill Community College Foundation 
 Cape Cod Community College Educational Foundation, Inc. 
 Greenfield Community College Foundation, Inc. 
 Holyoke Community College Foundation 
 Massachusetts Bay Community College Foundation, Inc. 
 Massasoit Community College Foundation 
 Middlesex Community College Foundation, Inc. 
 North Shore Community College Foundation 
 Springfield Technical Community College Foundation 
 The Mount Wachusett Community College Foundation, Inc. 
 The Northern Essex Community College Foundation, Inc. 
 The Quinsigamond Community College Foundation, Inc. 
 The Roxbury Community College Foundation, Inc. 
   
 Bridgewater State University Foundation: 
    The Bridgewater State University Foundation 
    The Bridgewater Alumni Association of Bridgewater State University 
   
 Fitchburg State University Foundation, Inc. 
 Framingham State University Foundation, Inc. 
 Massachusetts College of Art Foundation, Inc. 
 Massachusetts College of Liberal Arts Foundation, Inc. 
 The Massachusetts Maritime Academy Foundation, Inc. 
   
 Salem State University Foundation: 
    The Salem State University Foundation, Inc. 
    Salem State University Assistance Corporation 
   
 Westfield State University Foundation, Inc. 
 Worcester State Foundation 
   
 The University of Massachusetts System Foundation 
   
   
   
Total # 3BLENDED COMPONENT UNITSBlended component units are entities that are legally separate from the Commonwealth but are so related to the Commonwealth that they are, in substance, the same as the Commonwealth, are entities providing services entirely to the Commonwealth or the entities' total debt is to be repaid entirely or almost entirely with resources of the Commonwealth.
 Massachusetts School Building Authority  (MSBA) 
 Massachusetts Municipal Depository Trust (MMDT) 
 Pension Reserves Investment Trust Fund (PRIT) 
   
   
   
 Separately audited but not legally separate from the Commonwealth 
 Massachusetts State Lottery Commission (LOT) 
 University of Massachusetts System 
 The State Universities 
 The Community Colleges 
   
   
   
Not included in the Commonwealth's financial statementsRELATED ORGANIZATIONRelated Organizations are entities which are created by state legislation but which do not have material financial benefit/burden relationships with the Commonwealth.
 Massachusetts Educational Finance Authority 
 Massachusetts Housing Finance Agency 
 Massachusetts Port Authority 
 MassVentures 
   
   
   
 POTENTIAL COMPONENT UNITSPotential Component Units are entities created by legislation but are independent of the Commonwealth because they do not have any financial benefit/burden  relationship or any administrative dependency with the Commonwealth.  
 Berkshire Regional Planning Commission 
 Cape Cod Commission 
 Central Massachusetts Regional Planning Commission 
 Martha's Vineyard Commission 
 Massachusetts Business Development Corporation 
 Massachusetts Educational Finance Authority 
 Massachusetts Export Center 
 Massachusetts International Trade Council 
 Massachusetts Municipal Wholesale Electric Company 
 Massachusetts Service Alliance 
 Massachusetts Small Business Development Center (MSBDC) 
 Massachusetts Technology Development Corporation (MTDC) 
 Massachusetts Water Resources Authority 
 Merrimack Valley Planning Commission 
 Metropolitan Area Planning Council 
 Montachusett Regional Planning Commission 
 Nantucket Planning and Economic Development Commission 
 Northern Middlesex Council of Governments 
 Old Colony Planning Council 
 Pioneer Valley Planning Commission 
 Wood's Hole, Martha's Vineyard and Nantucket Steamship Authority 
 Insurance Fraud Bureau (IFB) 
   
   
   
Included in the MassDOT's financial statementsMassDOT ENTITIESMassDOT entities are component entities of the Massachusetts Department of Transportation and are included in the MassDOT's financial report.  These entities are indirectly included in the Commonwealth's financial statements as MassDOT is reported as a major component unit of the Commonwealth.
 Massachusetts Bay Transpiration Authority 
 Massachusetts Turnpike Authority 
   
 Regional Transit Authorities 
 Berkshire Regional Transit Authority 
 Brockton Area Transit Authority 
 Cape Ann Transportation Authority 
 Cape Cod Regional Transit Authority 
 Franklin Regional Transit Authority 
 Greater Attleboro/Taunton Regional Authority 
 Lowell Regional Transit Authority 
 Martha's Vineyard Transit Authority 
 Merrimack Valley Regional Transit Authority 
 Metrowest Regional Transit Authority 
 Montachusett Regional Transit Authority 
 Nantucket Regional Transit Authority 
 Pioneer Valley Transit Authority 
 Southeastern Regional Transit Authority 
 Worcester Regional Transit Authority 
 Route 3 North Transportation Improvements Assoc. 
 Owner Controlled Insurance Program (OCIP) - (CA/T)